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Showing 131 - 140 of 170 results for "Economics Committee"

CBA forced to review poor compensation methods

LAURA MILLAN  |  MONDAY, 19 MAY 2014
... advice within CBA and ASIC's failure to address the issue prompted a Senate inquiry into the regulator. The Economics Committee will be reporting the conclusions of its investigation to the Senate on May 30. Read all Financial Standard coverage of the ...

CBA wants Senate to fix corporate super advice

LAURA MILLAN  |  MONDAY, 12 MAY 2014
... Financial Advice (FoFA) to find a way to solve the issue. The bank made this request in a submission to the Senate Economics Committee inquiry into FoFA. The document, which was made public recently, said that corporate super advisers assist employers ...

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
... first of the Big Four to have its say on the FoFA changes, which are A currently being examined by the Senate Economics Committee. "The proposed amendments achieve an appropriate rebalancing of the original reforms by ensuring that financial advice remains ...

Stakeholders stage FoFA confrontation in Senate submissions

LAURA MILLAN  |  WEDNESDAY, 7 MAY 2014
... statements and the separation of general and personal advice. The Financial Services Council (FSC) asked the Senate Economics Committee to repeal the opt-in requirements, as well as the s961(B)(2)(g), which is the best interest duty 'catch-all' phrase. ...

New reports to stir financial planning perfect storm

LAURA MILLAN  |  MONDAY, 5 MAY 2014
... should have been more transparent and should have better communicated with the whistleblowers. The Senate Economics Committee will report the conclusions of the inquiry to ASIC by the end of May. The inquiry looked into ASIC's performance when dealing ...

Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
The Economics Committee conducting the inquiry into the performance of the Australian Securities and Investments Commission (ASIC) will present the Senate with "a widespread report that will include the industries' black holes and dark corners." The ...

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN  |  FRIDAY, 11 APR 2014
... saying it "remains an ongoing issue." He later admitted that in one occasion ASIC lost a CBA breach report. The Economics Committee will report the results of the inquiry to the Senate on May 30, 2014.

Government will go ahead with FoFA changes: Ciobo

JAMES FERNYHOUGH  |  THURSDAY, 3 APR 2014
... requirement, and the sanctioning of commissions for general advice. The bill has been referred to the Senate Economics Committee, which is due to report in mid-June. "In the meantime, the acting assistant treasurer Senator Mathias Cormann is engaging ...

We did a "pretty good job" in CBA planning case: ASIC

LAURA MILLAN  |  WEDNESDAY, 26 MAR 2014
... from whistleblowers within the company. While the inquiry was triggered by this particular fact, the Senate Economics Committee is looking into ASIC's complaint management policies and practices, whistleblower protection and the accountability framework ...

Senate Economics Committee to hold inquiry on FoFA bill

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
The bill amending the Future of Financial Advice (FoFA) legislation will need to go through a Senate Economics Committee inquiry before it is tabled in the Senate. The Senate Standing Committee for Selection of Bills decided to refer the Corporations ...